What percentage of people rent in Palmetto Bay, FL?

Name: Renters and owners in Palmetto Bay, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

21.8% (±3.7 points) of the occupied homes in Palmetto Bay, FL are rented (2020–2024 American Community Survey).

That is 1,774 renting households against 6,376 that own their home.

In Palmetto Bay, the share of households that rent went from 19.3% in 2015–2019 to 21.8% in 2020–2024 (+2.5 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 21.8% (±3.7 points)
Renting households: 1,774 (±335)
Median renter income: $66,471 (±$23,000)

Who rents and who owns in Palmetto Bay

Tenure, estimate (90% margin of error)
	Palmetto Bay	Miami-Dade County	Florida	United States
Renter-occupied share	21.8% (±3.7 points)	47.8% (±0.5 points)	32.4% (±0.2 points)	34.8%
Renting households	1,774 (±335)	465,971 (±5,269)	2,834,163 (±17,461)	45,017,354
Owning households	6,376 (±355)	509,440 (±5,300)	5,918,647 (±31,594)	84,210,142
Average renter household size	2.5 (±0.4)	2.6 (±0.0)	2.5 (±0.0)	2.3
Average owner household size	3.1 (±0.1)	2.9 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$66,471 (±$23,000)	$53,660 (±$1,055)	$53,617 (±$353)	$52,966
Median owner household income	$167,917 (±$25,104)	$94,956 (±$1,395)	$88,144 (±$469)	$100,009

In Palmetto Bay, the renter share is lower than in Miami-Dade County (47.8%).

It is also lower than in Florida (32.4%).

It is lower than the national figure (34.8%).

In Miami-Dade County, Palmetto Bay ranks 60 of 70 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 532 of 857.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Palmetto Bay has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	19.3% (±2.3 points)	21.8% (±3.7 points)	+2.5 percentage points	Not a measurable change
Median gross rent	$1,426 (±$86)	$2,101 (±$274)	+47.3%	Up after inflation
Median household income	$123,477 (±$5,705)	$142,447 (±$9,768)	+15.4%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Palmetto Bay

Nearest places with a published estimate, compared with Palmetto Bay
Place	Distance	Households that rent	Compared with this place
Palmetto Bay	—	21.8% (±3.7 points)	—
Palmetto Estates	2.6 mi	13.7% (±3.6 points)	Lower
West Perrine	3.0 mi	46.3% (±8.3 points)	Higher
Pinecrest	3.1 mi	17.2% (±3.1 points)	Not measurably different
Cutler Bay	3.3 mi	30.3% (±3.1 points)	Higher
Richmond Heights	3.4 mi	29.1% (±9.2 points)	Not measurably different
Kendall	4.0 mi	37.8% (±2.8 points)	Higher
South Miami Heights	4.8 mi	37.9% (±3.3 points)	Higher
Three Lakes	5.3 mi	33.4% (±5.0 points)	Higher

Nearby places with a measurably lower figure: Palmetto Estates, FL (13.7%).

Nearby places with a measurably higher figure: West Perrine, FL (46.3%), Cutler Bay, FL (30.3%), Kendall, FL (37.8%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Miami-Dade County, place by place

Rank	Place	Households that rent
54	Tamiami	28.3% (±3.6 points)
55	The Crossings	27.4% (±4.0 points)
56	Surfside	26.0% (±8.6 points)
57	Westwood Lakes	23.2% (±6.2 points)
58	Sunset	23.0% (±4.3 points)
59	Biscayne Park	22.0% (±9.1 points)
60	Palmetto Bay	21.8% (±3.7 points)
61	Country Walk	20.1% (±5.8 points)
62	Pinecrest	17.2% (±3.1 points)
63	Richmond West	16.2% (±3.2 points)
64	Olympia Heights	15.2% (±5.3 points)
65	Palmetto Estates	13.7% (±3.6 points)
66	Miami Shores	12.5% (±4.2 points)

Showing 13 of 70 places in Miami-Dade County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Palmetto Bay

How many renters are there in Palmetto Bay?

Palmetto Bay has an estimated 1,774 (±335) renting households, 21.8% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Palmetto Bay?

In Palmetto Bay, the share of households that rent went from 19.3% in 2015–2019 to 21.8% in 2020–2024 (+2.5 percentage points), not a measurable change.

How big are renting households in Palmetto Bay?

A renting household in Palmetto Bay has 2.5 people on average, against 3.1 in an owned home.

How much do renters earn in Palmetto Bay?

The median renting household in Palmetto Bay, FL has an income of $66,471 (±$23,000) a year, against $167,917 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Palmetto Bay village, Florida (place:54275, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.